Citigroup (NYSE:C) analysts have named some beaten-down technology stocks that may be on the cusp of a rebound as the earnings season kicks off.
The bank believes that companies like Figma (NASDAQ:FIG), Palantir Technologies (NASDAQ:PLTR) and Microsoft (NASDAQ:MSFT) may be ripe for a rebound.
Citi Sees Figma Stock Jumping 76% Figma stock has been in a free fall since its Initial Public Offering in July last year.
After initially soaring to $142, the stock has dropped to $21, and Citi analysts believe that it will jump to $36.
Wells Fargo’s Michael Turrin has a similar target, which is higher than the consensus target of $32.
